Sherlock Bay Nickel Corp. Ltd - 23-Aug-04

Tuesday, 31 August, 2004 - 22:00

Heads of agreement has been signed between with Samarinda Mining and Consulting Services Pty Ltd regarding exploration application E47/1382 located in the Sherlock Bay area. SBNC will pay Samarinda $10,000 plus refund related costs of $2,133.60 and subject to the granting of the tenements to the company, will issue to Samarinda one million fully paid ordinary shares.